STEN 1000 Chapter Notes - Chapter 4: Petro-Canada, Bc Rail, Air Canada
Document Summary
Chapter 4: role of government in business2012-09-28 5:59 am. List 4 organizations that aim to help exporters. As a result of the constitution act, the different levels of government (federal, provincial and municipal) have responsibilities and jurisdiction over certain maters of the economy and population. Learning objective #2: trace the historical role of government in the canadian economy and understand why crown corporations were created. It had the legal power and responsibility to do so, as a result of the constitution. In recent years, we have seen an increasing trend where governments (both federal and provincial) have been selling crown corporations. Some examples include the sale of remaining petro-canada shares and bc rail ltd. Learning objective #3: discuss why understanding laws and regulations at all levels of government is critical to business success: businesses need to understand the laws and regulations that affect them. Act defines the powers that can be exercised by the federal government and provincial governments.